Osborn Williams & Donohoe LLC Has $2.23 Million Position in NextEra Energy, Inc. (NEE)
Osborn Williams & Donohoe LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,936 shares of the utilities provider’s stock after buying an additional 415 shares during the period. Osborn Williams & Donohoe LLC’s holdings in NextEra Energy were worth $2,233,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of NEE. Catawba Capital Management VA acquired a new stake in shares of NextEra Energy during the first quarter worth about $208,000. Stock Yards Bank & Trust Co. raised its stake in shares of NextEra Energy by 0.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 16,923 shares of the utilities provider’s stock worth $2,172,000 after buying an additional 146 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of NextEra Energy by 2.3% in the first quarter. GW&K Investment Management LLC now owns 282,196 shares of the utilities provider’s stock worth $36,226,000 after buying an additional 6,375 shares during the last quarter. Union Bankshares Corp raised its stake in shares of NextEra Energy by 2.3% in the first quarter. Union Bankshares Corp now owns 4,425 shares of the utilities provider’s stock worth $568,000 after buying an additional 100 shares during the last quarter. Finally, Lynch & Associates IN raised its stake in shares of NextEra Energy by 1.5% in the first quarter. Lynch & Associates IN now owns 15,044 shares of the utilities provider’s stock worth $1,931,000 after buying an additional 220 shares during the last quarter. 76.72% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy, Inc. (NYSE:NEE) traded down 0.04% during trading on Tuesday, hitting $147.03. The stock had a trading volume of 357,165 shares. The firm has a market cap of $68.99 billion, a price-to-earnings ratio of 16.84 and a beta of 0.32. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $147.58. The firm’s 50 day moving average is $142.09 and its 200 day moving average is $133.79.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.67%. NextEra Energy’s dividend payout ratio (DPR) is currently 45.02%.
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A number of analysts have issued reports on the company. UBS AG reissued a “buy” rating and issued a $143.00 price target (up from $138.00) on shares of NextEra Energy in a research note on Tuesday, April 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. BidaskClub lowered NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $148.18.
In other NextEra Energy news, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders sold 90,431 shares of company stock worth $12,692,378 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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